JSW Steel, AION win bid to acquire Monnet IspatThe offer involved a haircut of almost 75% on a debt of more than Rs 10,000 crore.
13 Apr, 2018, 08.30 AM IST
ArcelorMittal hits back at Sajjan Jindal's remark, calls Monnet Ispat result 'mockery'ArcelorMittal said that JSW Steel winning Monnet Ispat is a "mockery" as the group is related to the existing promoter of the debt-ridden s...
12 Apr, 2018, 09.05 AM IST
Monnet Ispat CoC approves AION-JSW Steel plan by 98.97% favourable votingFollowing a CoC meeting that was held on April 7 in which the resolution applicant presented the resolution plan, the same was put through ...
10 Apr, 2018, 03.09 PM IST
Creditors to take final call on JSW-Aion Capital bid for Monnet Ispat in 2-3 weeksThe resolution plan for Monnet Ipsat proposed by the Aion Capital-JSW Steel consortium is being reviewed by legal advisors presently.
27 Feb, 2018, 04.27 PM IST
Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
27 Feb, 2018, 07.23 AM IST
Creditors OK Aion-JSW offer for Monnet IspatAion Capital, a joint venture between ICICI Venture and Apollo Global Management, holds a 70% stake in the consortium and JSW Steel has the...
27 Feb, 2018, 07.07 AM IST
JSW Steel set to buy Monnet Ispat for Rs 3,750 crore: ETNowMonnet Ispat faces claims of Rs 10,359 crore from financial creditors and Rs 116 crore from operational creditors
23 Feb, 2018, 02.34 PM IST
Bankruptcy proceedings: JSW Steel offers Rs 3,700 cr for Monnet IspatJSW is a bidder in the resolution proceedings of Monnet Ispat, which owes more than Rs 10,000 crore to its lenders.
29 Jan, 2018, 05.35 PM IST
Monnet Ispat gains on stake sale buzzHowever, other steel manufacturers such as JSW Steel and Tata Steel were trading lower.
27 Sep, 2017, 04.03 PM IST
Look! Who is showing interest in Monnet IspatUS-based TPG, Blackstone, and Singapore-based SSG Capital are believed to be among the likely bidders that have sent formal expressions of ...
26 Sep, 2017, 09.20 PM IST
Banks seek ministerial help for Monnet Ispat evaluationSAIL was earlier asked to consider a similar case of Electosteel, another ailing steel company . The lenders have now only JSW Steel as the...
07 Mar, 2017, 11.12 AM IST
Monnet Ispat agrees to sell stake in Orissa Sponge Iron to Bhushan SteelMonnet Ispat and Energy Ltd has agreed 'in-principle' to sell its stake in Orissa Sponge Iron & Steel to Bhushan Steel Ltd (BSL).
26 Aug, 2015, 02.15 PM IST
Now, Monnet Ispat may abort Jharkhand planThe city-based sponge iron and power producer has proposed 1.5 million tonnes per annum (mtpa) greenfield steel plant in Jharkhand.
21 Jul, 2013, 01.00 PM IST
- Bhushan Steel, Monnet Ispat revive takeover bids to acquire Orissa Sponge
Two Delhi-based steelmakers - Bhushan Steel & Power and Monnet Ispat & Energy - have indicated their intention to acquire up to 20% in Oris...
27 Jun, 2012, 04.31 PM IST
- Blackstone buys 7% stake in Monnet Ispat for $50 mn
US-based Blackstone Group has acquired 7.12% equity in Monnet Ispat & Energy for $50 million (about Rs 230 crore).
26 Aug, 2011, 01.35 AM IST
- Orissa Sponge Iron to coopt Monnet Ispat as strategic partner
Even as the three-way takeover battle for control of Orissa Sponge Iron is hotting up, the board of directors of Orissa Sponge on Saturday ...
28 Feb, 2009, 04.42 PM IST
- Monnet Ispat increases stake in OSISL
Estranged brothers Neeraj Singal and Sanjay Singal, who have been battling for the control of Orissa Sponge Iron & Steel (OSISL), now have ...
24 Feb, 2009, 09.27 PM IST